Our research team has uncovered a sprawling money laundering operation tied to Firstpay88, a payment service heavily used in South and Southeast Asia to funnel gambling profits through informal financial structures.
Firstpay88 markets itself as a streamlined digital payment solution—but behind the scenes, it acts as a cash-out and rerouting channel for high-risk gambling platforms, especially those servicing Indian players. Funds are funneled into India using layered transfers, offshore intermediaries, and a sophisticated network of anonymized accounts.
Core Operations in South Asia
Sources indicate Firstpay88 plays a critical role in the financial backbone of grey-market betting websites. Through loosely regulated acquirer networks in Southeast Asia, the platform processes large-volume payments disguised as e-commerce, gaming credits, or generic merchant transactions.
Funds enter the system through digital wallets or prepaid deposits, then exit as “service refunds” or “affiliate payouts,” ultimately landing in accounts tied to gambling operators or their shell companies in India.
JazzCash Clone Domains: A Gateway to Pakistan?
What’s particularly alarming is Firstpay88’s recent web infrastructure evolution. Our DNS and domain monitoring tools flagged multiple domains mimicking Pakistan’s official mobile wallet brand — JazzCash. These spoofed domains often contained slight variations (e.g., jazzcash-pay[.]net, jazz-transfer[.]top) and were linked to redirect chains involving Firstpay88-hosted gateways.
While we have not confirmed full-scale operations in Pakistan, this spoofing behavior suggests an attempt to lure Pakistani users or mask cross-border transactions as local payments. Such tactics are commonly used in hybrid laundering strategies, where funds are temporarily held in intermediary wallets before being funneled into final endpoints across India or crypto markets.
Risk Profile and Obfuscation Tactics
Firstpay88 does not publish public ownership data or hold any verifiable licensing in jurisdictions with strong financial oversight. Its main site (often rotating domains) provides vague information and avoids identifying its legal structure, client base, or compliance standards.
We also observed significant reliance on Telegram bot integrations, QR wallet redirection, and disposable payment pages — all features associated with transient gateways designed to evade audits and chargeback tracking.
Conclusion: Another Node in the Digital Grey Market
Firstpay88’s activities pose a threat to regional financial stability by acting as a silent carrier for gambling revenue, hidden commissions, and potentially even fraud-related proceeds. Its spoofing of trusted Pakistani platforms marks an escalation in tactics — seeking not only to route funds across borders but to mislead users and monitoring systems along the way.
Our editorial team will continue tracking this gateway and any clones or affiliated services. If you’ve encountered domains, logs, or Telegram bot activity connected to Firstpay88, we urge you to share them with our team via our encrypted tip line.